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Change - Announcement Of Resignation Of Chief Financial Officer

BackNov 01, 2023
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Nov 1, 2023 18:17
Status New
Announcement Sub Title Resignation of Chief Financial Officer
Announcement Reference SG231101OTHR97CU
Submitted By (Co./ Ind. Name) Huang Jinyang Brent
Designation Company Secretary
Description (Please provide a detailed description of the event in the box below) Resignation of Mr Benjamin Kuah Hsien Yiao as Chief Financial Officer with effect from 30 November 2023.
Additional Details
Age 42
Is effective date of cessation known? Yes
If yes, please provide the date 30/11/2023
Detailed Reason (s) for cessation Mr Benjamin Kuah Hsien Yiao has tendered his resignation as Chief Financial Officer with effect from 30 November 2023.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting? No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer? No
Any other relevant information to be provided to shareholders of the listed issuer? No
Date of Appointment to current position 11/01/2019
Does the AC have a minimum of 3 members (taking into account this cessation)? Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation) 6
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months 1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Chief Financial Officer
Role and responsibilities To formulate strategic plans for PARAGON REIT in accordance with the Manager's stated investment strategy. He is responsible for applying the appropriate capital management strategy, including tax and treasury matters, as well as finance and accounting matters, including statutory reporting, overseeing implementation of PARAGON REIT's short and medium-term business plans, fund management activities and financial condition.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries Nil
Shareholding interest in the listed issuer and its subsidiaries? No
Past (for the last 5 years) Nil
Present Nil